Update: Navigating California’s Insurance Crisis?

Update: Navigating California’s Insurance Crisis?

Join us for important updates concerning California’s Insurance Crisis with the experts from Kern Insurance Associates. Sponsored by Kern Insurance Associates.

Details

When:                         Tuesday, August 5, 2025, from 11:00 A.M. – 12:00 P.M. (Noon)

How to Attend:          Logged-in Users Can Register Using the “Register Now” Button

Topic

Welcome to the California Insurance Crisis…Insurance carriers have pulled back from California’s home and property insurance market due to ongoing wildfire risks and soaring construction costs. As a result, many insurers have stopped writing new policies in California, the nation’s most populous state. During the past two years, State Farm, for example, announced it would stop accepting applications for all California business and personal coverage lines of property and casualty insurance, citing inflation, a challenging reinsurance market and “rapidly growing catastrophe exposure. More recently, State Farm has applied for double-digit rate increases.

Just recently, California Insurance Commissioner, Ricardo Lara, announced the launch of what has been described as a “first of its kind” catastrophe modeling and ratemaking regulation as part of his so-called “Sustainable Insurance Strategy” to increase coverage in wildfire-distressed areas of the state. This new regulation is supposed to allow homeowners and businesses to see greater availability of insurance coverage, market stability, and recognition for wildfire safety through use of catastrophe modeling.

During this in-person seminar, you will learn:

• The current status of the California insurance market, including trends we are observing in premiums, availability, and coverage.
• Tips on obtaining an insurance policy and how to be a “good insured” policyholder.
• Proprietary coverage options available only through KERN Insurance Associates.
• What to expect when renewing your policy…insurance availability, increasing premiums, and reduced coverages. How to read your policy – what to look for.
• What you can do to deal with today’s marketplace challenges…Learn what you can do to act on what you can control.
• Surplus lines and non-admitted carriers can save money, but do they carry risks? What about the California Fair Plan?
• And, of course, much more!  Live Q&A throughout the presentation to get your questions answered.

This will be a live, interactive, online learning session.  Live Q&A will take place throughout the online seminar.  Please join us for what will surely be an extremely informative and timely presentation.  If you have any questions, please contact Events Manager, Diana Alcaraz, via email at diana@aagla.org.

Important Disclaimer: The information and materials provided during this presentation is for general information purposes only. Absolutely no legal or tax advice is being given during this presentation. Keep in mind that every situation is unique, and the laws, rules and regulations are subject to change at any time. So, before acting, be sure to obtain tax and/or legal advice from your licensed professional.

Special Guest:

Joe Naworski, Managing Partner, Kern Insurance Associates. 

Joe Naworski is an accomplished insurance professional with 30+ years of experience in the industry. He has established himself as a trusted advisor for clients seeking expert guidance on insurance policies, underwriting, and risk management. His experience has been vital to his success as the Managing Partner at Kern Insurance Associates, a PCF partner. For more information, call Mr. Naworski at (844) 444-5376  or go to www.Kern.com.

Moderator:

Daniel Yukelson, AAGLA Executive Director

Daniel Yukelson is currently the Executive Director of The Apartment Association of Greater Los Angeles (AAGLA).  As a Certified Public Accountant, Yukelson began his career at Ernst & Young, the global accounting firm, and had served in senior financial roles principally as Chief Financial Officer for various public, private and start-up companies, including as Chief Financial Officer of Premiere Radio Networks, the largest U.S. radio network and now subsidiary of iHeart Media, and as Chief Financial Officer of Oasis West Realty, the owner of the Beverly Hilton and Waldorf Astoria Beverly Hills.  He is a former planning commissioner in the City of Beverly Hills and served as Chairperson.

Featured Sponsor: 

 Kern Insurance Associates

Kern Insurance Associates is a premier brokerage specializing in property and casualty insurance, dedicated to providing robust insurance solutions for property owners, investors, and management firms. With decades of experience, Kern Insurance has developed a deep understanding of the unique challenges faced by property owners in today’s complex insurance landscape. We’ve worked diligently to cultivate an exclusive insurance program designed specifically for property owners, offering tailored coverage options that meet the needs of even the most hard-to-insure properties, particularly in California’s challenging market.

Our mission is to provide comprehensive, competitive insurance solutions that protect our clients' assets, mitigate risks, and promote long-term financial stability. We leverage strong relationships with top insurance carriers and use data-driven insights to negotiate favorable terms and rates. At Kern Insurance, we pride ourselves on going above and beyond for our clients, ensuring that every property is adequately protected, and we remain a step ahead of the ever-evolving market trends.  For more information, call (844) 444-KERN (5376) or go to https://kern.com/.

Title Sponsor:

Real Estate Transition Solutions

Real Estate Transition Solutions (RETS) is a consulting firm specializing in tax-deferred 1031 Exchange strategies and Delaware Statutory Trust investment property. For over 26 years, we have helped investment property owners perform successful 1031 Exchanges by developing and implementing well-planned, tax-efficient transition plans carefully designed to meet their objectives. Our team of licensed 1031 Exchange Advisors will guide you through the entire process, including helping select and acquire passive management replacement properties best suited to meet your objectives. To learn more about 1031 Exchanges and Real Estate Transition Solutions, visit www.re-transition.com/aagla or call us at (866) 352-3354.